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    419 Minnesota Ave Saint Peter, MN 56082

    For Sale
    Contact for pricing

    9,864 SF Retail Space, Fully Leased

    Property size:
    9,864 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully leased, 9,864 square foot retail property located at 419 S Minnesota Ave, Saint Peter, MN 56082, within Nicollet County. Built in 1913, this meticulously restored historic building boasts a rich history and is widely recognized as the Capitol Room, a renowned wedding venue. The property features two distinct event spaces, perfectly suited for weddings and other large gatherings. Additional amenities include dedicated bridal party suites and a fully equipped catering preparation area. Currently operating as a single-tenant, fully leased property, this asset offers a stable income stream and significant potential for future growth. The property's prime location along the thriving downtown corridor of Saint Peter, Minnesota ensures high visibility and accessibility. This is a unique chance to acquire a piece of St. Peter's history and a successful, established business within a vibrant community. The seller is open to an asset or business sale, providing flexibility for potential investors. This award-winning venue is known to brides across Minnesota, ensuring a strong reputation and consistent demand. The property's size and features make it an ideal investment for those seeking a stable, income-generating asset with significant historical significance.

    Property Features for 419 Minnesota Ave

    General Information

    Property type
    Retail properties
    Square Feet
    9,864 SF

    Building Details

    Year Built
    1913

    HighLights

    • 9,864 SF Retail Building in Saint Peter, MN.
    • Fully Leased to a Single Tenant.
    • Historic Property, Expertly Restored.
    • Features Two Event Spaces, Bridal Suites, and Catering Prep Area.
    • Potential for Asset/Business Sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Capitol Room Event Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.9579457
    Latitude
    44.3225767

    Nearby Comparable

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      St. Peter Townhome with Rental License

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    Nearby Similar for Sale

    • $6,650,000
      32,000 SF

      Highway Retail Investment Opportunity

      Mixed-use property in high-traffic St. Peter, MN.
      418 S Minnesota Ave, St Peter, MN 56082
      View Details
    • $245,000
      2,508 SF

      St. Peter Townhome with Rental License

      Four-bedroom townhome with new paint and flooring, active rental license.
      1850 Macintosh Ct, St Peter, MN 56082
      View Details
    • Contact for pricing
      11,256 SF

      St. Peter Office Building Investment

      Multi-tenant office building, prime location.
      622 Sunrise Dr, Saint Peter, MN 56082
      View Details

    FAQs

    What type of property is this?
    Retail property - 9,864 SF Retail Space, Fully Leased
    Where is this retail property located?
    The property is located at 419 Minnesota Ave Saint Peter, MN.
    What are key features of this property?
    This property features: 9,864 SF Retail Building in Saint Peter, MN.; Fully Leased to a Single Tenant.; Historic Property, Expertly Restored.
    (507) 380-7340
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    419 Minnesota Ave Saint Peter, MN 56082
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